Laurentian Bank of Canada T.LB

Financial Post article headline today

[Possibleidiot01]

'The sick puppy': Why Laurentian has struggled in a golden age for Canadian banks

[carlocarli]

Here is the link to the Post's article. I found it a good reed. https://financialpost.com/feature/why-laurentian-bank-struggled-canadian-banks

[Northforce13]

Thanks for the post/link

[rad10]

National or desjardins?  Someone will lowball this.

[88guy88]

you are probably right that someone like National or Desjardins will low ball on the price and the BOD will of course reject it and the price will go back to $33.50 or so too much risk on this trade.....next

[DeanEdmonton]

You are right, I do not like this Bank. It is the worst run Bank in Canada and has been for 20 years. It makes Credit Unions look competent. CWB is head and shoulders better run than LB. I see no point in buying a Bank with a longterm track record of abysmal performance, hoping for a turnaround. Never buy lousy performers that keep promising better results and keep failing to deliver them

[rad10]

Lol - they did lowball.

[DeanEdmonton]

You are spreading revisionist history. There were no bids for it as an operating entity and Laurentian didn't want to sell just their loan and deposit book. No bids for it as an operating entity means the people that looked at it gave it a zero book value, except for the net difference of loans versus deposits. You can put all the lipstick you want on this pig, but like my Dad always said

[Northforce13]

You are claming there were no bids as an operating entity   Nowhere did I see LB say that, though I'm going off of memory.  It was perhaps said speculatively by others and thereafter taken as fact and thereafter taken as fact stated by LB itself?  I seem to recall LB saying something along the lines of no +/- "acceptable" +/- bids, which is a world of difference

[rad10]

Your memory is good.  It was a lowball bid that triggered the whole exercise.  All good.  No MMSE required!  Have a great weekend.

[rad10]

LB received an unsolicited lowball bid - this is what triggered the review.  Just a fact - nothing more. Don't understand why you get so angry - its only a stock, not a high school crush